Dow Chemical Co (DOW) is Downgraded by Credit Agricole to Underperform

Dow Chemical Co (DOW) was Downgraded by Credit Agricole to ” Underperform”. Earlier the firm had a rating of “Outperform ” on the company shares. Credit Agricole advised their investors in a research report released on Jul 6, 2016.

Many Wall Street Analysts have commented on Dow Chemical Co. Dow Chemical Co was Downgraded by JP Morgan to ” Neutral” on Jun 28, 2016. Company shares were Reiterated by Barclays on May 2, 2016 to “Equal Weight”, Firm has raised the Price Target to $ 55 from a previous price target of $50 .Company shares were Reiterated by Jefferies on May 2, 2016 to “Hold”, Firm has raised the Price Target to $ 58 from a previous price target of $54 .

On the company’s financial health, Dow Chemical Co reported $0.89 EPS for the quarter, beating the analyst consensus estimate by $ 0.06 according to the earnings call on Apr 28, 2016. Analyst had a consensus of $0.83. The company had revenue of $10703.00 million for the quarter, compared to analysts expectations of $10662.25 million. The company’s revenue was down -13.5 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.84 EPS.

Dow Chemical Co closed down -0.17 points or -0.34% at $49.54 with 97,00,595 shares getting traded on Friday. Post opening the session at $49.67, the shares hit an intraday low of $49.45 and an intraday high of $50.16 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.

In a different news, on Nov 5, 2015, Fernando Ruiz (Corporate VP & Treasurer) sold 20,000 shares at $52.35 per share price. According to the SEC, on Feb 13, 2015, Ruth G Shaw (director) purchased 4,154 shares at $48.19 per share price. On Feb 12, 2015, Arnold A Allemang (director) sold 37,800 shares at $48.15 per share price, according to the Form-4 filing with the securities and exchange commission.

The Dow Chemical Company (Dow) is as an integrated science and technology company. The Company is a diversified manufacturer and supplier of products used primarily as raw materials in the manufacture of customer products and services across the world. The Company operates in five segments: Agricultural Sciences Consumer Solutions Infrastructure Solutions Performance Materials & Chemicals and Performance Plastics. The Company serves various industries such as appliance automotive agricultural building and construction chemical processing electronics furniture housewares oil and gas packaging paints coatings and adhesives personal care pharmaceutical processed foods pulp and paper textile and carpet utilities and water treatment.

Dow Chemical Co

Leave a Reply

Dow Chemical Co - Is it time to Sell?

Top Brokerage Firms are advising their investors on Dow Chemical Co. Subscribe to MoneyFlowIndex.Org Pre-Market Alerts, You will be the first to know the street buzz.